BAAS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BAAS
Largest movements
- Cash +€258,309
up €258,309 (+116.3%), from €222,055 to €480,364
mainly Current investments (+€230,000) and Other debts (+€68,582)
- Current investments -€230,000
down €230,000 (-87.0%), from €264,447 to €34,447
- Tangible fixed assets -€42,307
down €42,307 (-99.0%), from €42,740 to €433
of which Furniture and vehicles: -€42,059
- Receivables within one year -€20,323
down €20,323 (-17.7%), from €114,833 to €94,510
of which Trade receivables: -€20,158
- Reserves -€100,829
down €100,829 (-60.8%), from €165,870 to €65,041
- Other debts +€68,582
up €68,582 (+15.6%), from €439,779 to €508,361
- Gross operating margin +€20,003
up €20,003 (+278.6%), from €7,180 to €27,183
- Depreciation -€10,972
down €10,972 (-97.4%), from €11,261 to €289
- Financial income -€8,889
down €8,889 (-72.2%), from €12,312 to €3,422
of which Financial income: -€8,919
- Financial charges -€6,610
down €6,610 (-34.9%), from €18,947 to €12,337
- Taxes -€851
down €851 (-34.6%), from €2,460 to €1,609
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €644,075 | €609,755 | -€34,321 | -5.3% |
| Fixed assets | 21/28 | €42,740 | €433 | -€42,307 | -99.0% |
| Tangible fixed assets | 22/27 | €42,740 | €433 | -€42,307 | -99.0% |
| Plant, machinery and equipment | 23 | €681 | €433 | -€248 | -36.4% |
| Furniture and vehicles | 24 | €42,059 | - | -€42,059 | |
| Current assets | 29/58 | €601,335 | €609,321 | +€7,986 | +1.3% |
| Amounts receivable within one year | 40/41 | €114,833 | €94,510 | -€20,323 | -17.7% |
| Trade receivables | 40 | €53,200 | €33,042 | -€20,158 | -37.9% |
| Other amounts receivable | 41 | €61,633 | €61,469 | -€165 | -0.3% |
| Current investments | 50/53 | €264,447 | €34,447 | -€230,000 | -87.0% |
| Cash at bank and in hand | 54/58 | €222,055 | €480,364 | +€258,309 | +116.3% |
| Total equity and liabilities | 10/49 | €644,075 | €609,755 | -€34,321 | -5.3% |
| Equity | 10/15 | €178,270 | €77,441 | -€100,829 | -56.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,870 | €65,041 | -€100,829 | -60.8% |
| Distributable reserves | 133 | €165,870 | €65,041 | -€100,829 | -60.8% |
| Amounts payable | 17/49 | €465,805 | €532,314 | +€66,509 | +14.3% |
| Amounts payable within one year | 42/48 | €465,805 | €532,314 | +€66,509 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €4,276 | - | -€4,276 | |
| Trade debts | 44 | €16,217 | €19,331 | +€3,114 | +19.2% |
| Suppliers | 440/4 | €13,037 | €19,331 | +€6,294 | +48.3% |
| Bills of exchange payable | 441 | €3,180 | - | -€3,180 | |
| Taxes, remuneration and social security | 45 | €5,533 | €4,622 | -€911 | -16.5% |
| Taxes | 450/3 | €5,533 | €4,622 | -€911 | -16.5% |
| Other amounts payable | 47/48 | €439,779 | €508,361 | +€68,582 | +15.6% |
| Non-recurring operating income | 76A | €2,068 | €10,089 | +€8,021 | +388.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,261 | €289 | -€10,972 | -97.4% |
| Other operating charges | 640/8 | €455 | €278 | -€177 | -38.9% |
| Gross operating margin | 9900 | €7,180 | €27,183 | +€20,003 | +278.6% |
| Operating profit (loss) | 9901 | -€4,537 | €26,616 | +€31,152 | |
| Financial income | 75/76B | €12,312 | €3,422 | -€8,889 | -72.2% |
| Recurring financial income | 75 | €12,312 | €3,392 | -€8,919 | -72.4% |
| Non-recurring financial income | 76B | - | €30 | +€30 | |
| Financial charges | 65/66B | €18,947 | €12,337 | -€6,610 | -34.9% |
| Recurring financial charges | 65 | €18,947 | €12,337 | -€6,610 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,172 | €17,701 | +€28,873 | |
| Income taxes | 67/77 | €2,460 | €1,609 | -€851 | -34.6% |
| Profit (loss) for the period | 9904 | -€13,632 | €16,092 | +€29,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,632 | €16,092 | +€29,723 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.